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News Breaks
October 29, 2009
07:05 EDTPQ
theflyonthewall.com: PetroQuest Energy upgraded to Overweight from Neutral at JP Morgan
Target $12. :theflyonthewall.com



News For PQ From The Last 14 Days
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February 10, 2012
12:29 EDTPQ
theflyonthewall.com: PetroQuest Energy weakness a buying opportunity, says Sterne Agee
Sterne Agee said they are comfortable with its PetroQuest production estimate at the high end of guidance and sees potential upside from non-core asset sales. Shares are Buy rated with a $10 price target. :theflyonthewall.com
08:41 EDTPQ
theflyonthewall.com: PetroQuest Energy downgraded to Accumulate from Buy at Global Hunter

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08:21 EDTPQ
theflyonthewall.com: PetroQuest Energy downgraded to Market Perform from Outperform at FBR Capital

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February 1, 2012
06:07 EDTPQ
theflyonthewall.com: PetroQuest Energy sees 2012 capital budget $90M-$100M

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06:05 EDTPQ
theflyonthewall.com: PetroQuest Energy sees 2012 production average 87MMcfe-92MMcfe per day

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06:02 EDTPQ
theflyonthewall.com: PetroQuest Energy provides well production update

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January 31, 2012
05:43 EDTPQ
theflyonthewall.com: PetroQuest Energy provides update on its 2011 production

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05:42 EDTPQ
theflyonthewall.com: PetroQuest Energy reports 37% increase to estimated proved oil, gas reserves
PetroQuest Energy announced that the company ended 2011 with approximately 265 Bcfe of estimated proved oil and gas reserves having a pre-tax discounted value, or PV-10, of approximately $341.3M. This represents a 37% increase in estimated proved reserves from Dec. 31, 2010 and is a new company record. The company's estimated proved reserves at Dec. 31, 2011 were comprised of 91% natural gas, 3% oil and 6% natural gas liquids. In addition, approximately 91% of the reserves were located in long-lived basins and approximately 61% were proved developed. The company estimates that it replaced 340% of the reserves produced during 2011 at an average cost of $1.64 per Mcfe. Excluding the cost of acquiring undeveloped acreage in the Mississippian Lime, the company estimates its 2011 finding and development costs averaged $1.47 per Mcfe. Based upon the results achieved during 2011, the company's reserves to production ratio, or R/P, at Dec. 31, 2011 increased to 8.8, a 42% increase from the company's R/P at Dec. 31, 2010. :theflyonthewall.com